Ripple rate falls along with all the major cryptocurrencies. The buyers supported Ripple near the level of $ 0.60. But the volume of the purchase is small, so it is too early to count on the reversal of Ripple rate.
While the bears run the show on the cryptomarket, it would be good to look for an entry point for a short position on the XRPUSD near the zone: $ 0.65 - $ 0.63.
Priority of the day: sell XRPUSD for $ 0.56.
Perhaps today Ripple rate will take a lateral movement, after such a rapid fall.
Projected scenarios:
1. Sell XRPUSD from $ 0.65 to $ 0.56.
2. Perhaps you'll have to wait for the best price for Ripple in flat.
An alternative scenario:
XRPUSD rate can be supported by buyers the second time at $ 0.60. If there are large volumes to buy Ripple near this level, then we will think about changing the priority of trade.
While the bears run the show on the cryptomarket, it would be good to look for an entry point for a short position on the XRPUSD near the zone: $ 0.65 - $ 0.63.
Priority of the day: sell XRPUSD for $ 0.56.
Perhaps today Ripple rate will take a lateral movement, after such a rapid fall.
Projected scenarios:
1. Sell XRPUSD from $ 0.65 to $ 0.56.
2. Perhaps you'll have to wait for the best price for Ripple in flat.
An alternative scenario:
XRPUSD rate can be supported by buyers the second time at $ 0.60. If there are large volumes to buy Ripple near this level, then we will think about changing the priority of trade.